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Cardano faces bearish pressure as futures demand drops and whales sell off large ADA holdings.

Technical Signals
03 Oct 2026
The Daily Hodl
View Source
Bearish
Cardano faces bearish pressure as futures demand drops and whales sell off large ADA holdings.

Cardano's recent price gains are weakening due to a 9% drop in futures open interest and significant selling by large holders, who have offloaded about 90 million ADA worth $22.5 million since September 20. This selling pressure aligns with a technical sell signal, leading to a 10% price decline, with key support levels at $0.24 and $0.21. If the lower support holds, it may offer a buying opportunity targeting $0.28. Similarly, Bitcoin whales have reduced their holdings by about 30,000 BTC, signaling cautious sentiment among large investors amid sideways market movement.

Cardano's market cap stands at Rp161.75 trillion with a 24-hour trading volume of Rp10.99 trillion on Pluang as of Oct 03, 2026 19:02 WIB. The ADA price is down 3.78% over the past day, and typical hold time on Pluang is 126 days, indicating moderate investor patience. Bitcoin trades at Rp1,515,158,910 with a market cap of Rp30,424.62 trillion and a 24-hour volume of Rp583.93 trillion, showing a 1-day decline of 1.94% and a typical hold time of 110 days. These figures highlight active trading and some selling pressure consistent with the cautious sentiment noted among large holders in the news.

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